Developing products and services
There are a number of steps you can take to assess your innovation and determine its feasibility.
Assessing an idea to determine if it is viable is the least costly aspect of taking a new innovation to market and can save you a lot of money.
Design helps determine how people will use and experience a product. It affects the decision to buy and what people are prepared to pay for the product.
Find out the process of developing new products for your business, including how to generate and evaluate concepts, and testing prototypes.
Consider whether to establish a business to commercialise an idea or explore other options such as licensing or assigning your IP or technology rights.